Stephen Smith


     Professor Stephen Smith

               Link to teaching pages here        

     Short biography here  

Stephen Smith is a Professor of Economics at University College London, and Executive Dean of the UCL Faculty of Social and Historical Sciences.

Stephen Smith's current research covers the economics of instrument choice in environmental regulation (evaluation of practical applications of emissions trading; theory of regulation combining tax and direct regulation; instrument choice and waste management), and the economics of European indirect tax policy (VAT treatment of international trade in goods and services; excise tax policy).  Recent papers include:

1.         Environmental Economics

“Assessing the performance of the UK Emissions Trading Scheme”, Environmental and Resource Economics, 37(1), pp 131-158, 2007 (with Joseph Swierzbinski). ISSN 0924-6460. DOI: 10.1007/s10640-007-9108-5

"United Kingdom: Environmental policy-making in a centralized, market-driven system" in Albert Breton, Giorgio Brosio, Silvana Dalmazzone and Giovanna Garrone (eds) (2007) Environmental Governance and Decentralisation, pp 584-617. Cheltenham, UK: Edward Elgar. ISBN 978 1 84720 398 4."Subsidiarity, and the coordination of indirect taxes in the European Community", Oxford Review of Economic Policy, Vol 9, No 1, 1993, pp 67-94.

"Ex Post Evaluations of Tradeable Permit Programmes", in OECD (2002) "Implementing Domestic Tradeable permits. Recent Developments and Future Challenges",  ISBN 92-64-19763-X, pp 29-66.

"Analytical Framework for Evaluating the Costs and Benefits of Extended Producer Responsibility Programmes", OECD Environment Directorate, Working Group on Waste Prevention and Recycling, 2005, ENV/EPOC/WGWPR(2005)6/FINAL. Paris: Organisation for Economic Co-operation and Development.

"Ecotaxes. What have we learned, and how far should we go?" in Stephen Smith, Emmanuel Caicedo and Annabelle Berger, (2003) Ecotaxes: quels enseignements? Les seminaires de l'Iddri, no 8. pp 9-35. Paris: Institut du Développement Durable et des Relations Internationales (IDDRI).  Electronic publication, at

"Carbon tax and climate change strategy", in Tim Callan, Aedin Doris and Daniel McCoy (eds) (2003) Budget Perspectives 2004, The Economic and Social Research Institute, Dublin. ISBN 0 707002192, pp 22-51.

2.         Economics of Tax Policy

"Optimal Commodity Taxation with Duty-Free Shopping", International Tax and Public Finance. 15(3), pp 274-296, 2008.  DOI: 10.1007/s10797-007-9034-z (with Vidar Christiansen).

“VAT fraud and evasion: What do we know and what can be done?”, National Tax Journal, Vol LIX, No 4, pp 861-887, December 2006. (with Michael Keen)

"VAT fraud and evasion", in Robert Chote, Carl Emmerson, Andrew Leicester and David Miles (eds) The IFS Green Budget: January 2007, pp 167-177.  ISBN 10-1-903274-48-6.  London: The Institute for Fiscal Studies.

"Taxes on Road Transport", in Sijbren Cnossen (ed) (2006) Excise Tax Policy and Administration in Southern African Countries. pp 117-150. Pretoria: University of South Africa Press.

"Economic Issues in Alcohol Taxation", in Sijbren Cnossen (ed) (2005) Theory and Practice of Excise taxation. Smoking, Drinking, Gambling, Polluting and Driving. ISBN 0 199278598, pp 61-87.

"National Policy Interests in the Duty Free Market", (with Vidar Christiansen), CESifo Economic Studies, vol 50, 2/2004, 351-375. ISSN 1610-241X

"The Economics of Duty-Free Shopping" CESifo Working Paper No 595, ISSN 1617-9595, October 2001 (with Vidar Christiansen), 34pp

"Viva VIVAT!", International Tax and Public Finance, Vol 7, No 6, pp 741 - 751, 2000 (ISSN 0927-5940), with Michael Keen.

The Definitive Regime for VAT: an assessment of the European Commission's Proposals, Institute for Fiscal Studies, July 1997.

"The future of Value Added Tax in the European Union", Economic Policy, Vol 23, 375-420 (with Michael Keen).

3.         Other topics

"A microsimulation model of personal tax and social security benefits in the Czech Republic", (with Fiona Coulter, Christopher Heady, Colin Lawson and Graham Stark) in P B Spahn and M Pearson (eds), Tax Modelling for Economies in Transition, Basingstoke: Macmillan Press, 1998.

"Teenage truancy, part-time working and wages", Journal of Population Economics, Vol 10, No 4, pp 425-42, 1997 (with Christian Dustmann and Najma Rajah).

"Earning and learning: educational policy and the growth of part-time work by full-time pupils", Fiscal Studies, Volume 17, No 1, February 1996 (with Christian Dustmann, John Micklewright and Najma Rajah).

"Tax and Benefit Reform in the Czech and Slovak Republics", (with Chris Heady) in David Newbery (ed), Taxation and Benefit Reform in Central and Eastern Europe, 1995.

"The taxation of entrepreneurial income in a transition economy: issues raised by experience in Poland", (with Maciej Grabowski) in David Newbery (ed), Taxation and Benefit Reform in Central and Eastern Europe, 1995.

"Household energy efficiency in the UK", Fiscal Studies, 1994, Vol 15, no 2, pp 44-56 (with Vanessa Brechling).

"Distributional aspects of household water charges", Fiscal Studies, Vol 14, No 3, pages 86-108, August 1993 (with Najma Rajah).

 "Financing the European Community: A Review of Options for the Future", Fiscal Studies, Vol 13, No 4, pages 98-127, November 1992.